Admati: banks taking resources from rest of the economy
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 25 February 2016
⏱️ 14 minutes
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| 0:00.0 | Osage County, Oklahoma is getting a lot of attention right now. |
| 0:04.4 | It's the setting of Martin Scorsese's latest film, |
| 0:07.8 | Killers of the Flower Moon. |
| 0:10.0 | The movies based on a book about the 1920s Osage murders, |
| 0:14.1 | when white men poured into Osage County |
| 0:16.4 | and killed Osage people for their oil wealth. |
| 0:20.1 | I'm Rachel Adams Heard, the host of InTrust, a podcast from Bloomberg and I Heart Media. |
| 0:26.8 | For over a year I was reporting a different story about other ways white people got |
| 0:32.1 | Osage, land, land and wealth and how a prominent ranching family in Osage County became one of the biggest landowners here. |
| 0:40.0 | Their ranching empire was built on land that at the turn of the century was all owned by the Osage Nation. |
| 0:47.0 | So how did they get it? |
| 0:49.0 | Listen to the award-winning podcast, Trust on the I Heart Radio app Apple |
| 0:55.3 | Podcast or wherever you get your podcast. |
| 1:00.0 | This is Bloomberg surveillance. |
| 1:05.0 | It's not the job of finance |
| 1:07.0 | finance |
| 1:08.0 | and Central Bank governors to accelerate a crisis. |
| 1:10.0 | It's our job to try and avoid a crisis. |
| 1:12.0 | The danger of what's going on in market at the moment |
| 1:15.8 | is that it does feedback to the real economy. |
| 1:19.2 | Right now, I don't think we need to do any new fiscal policy. |
| 1:23.6 | So it's really a question about what's going to happen in the future. |
... |
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